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Jakarta, CNBC Indonesia - The Jakarta Composite Index (JCI) closed with a significant gain on Wednesday (8/4) trading, rising 4.42% to 7,279.21.
The index’s strengthening was propelled by the performance of large-cap stocks such as BBCA (+3.85%), AMMN (+13.45%), and BBRI (+3.41%), which served as the main supports. On the other hand, AADI (-3.32%), MEDC (-4.60%), and MEGA (-1.34%) were the weakest performers.
Foreign investor buying activity also supported market movements, with net purchases recorded at Rp573.21 billion in the regular market and Rp632.88 billion across all markets.
In terms of sectors, all sectors closed in the green, with the basic industry sector recording the highest increase of 8.79%.
Positive sentiment also came from global exchanges. Major US stock indices rose in unison, with the Dow Jones up 2.85% to 47,909, the S&P 500 adding 2.51% to 6,782, and the Nasdaq strengthening 2.80% to 22,634. Market optimism was triggered by news of an Iran ceasefire, fostering a global risk-on sentiment. In line with this, the EIDO ETF and MSCI Indonesia rose 4.27% and 5.03%, respectively.
From the corporate side, PT Solusi Sinergi Digital Tbk (WIFI) made changes to the planned use of funds from its Rp5.89 trillion rights issue following approval at the shareholders’ meeting.
Previously, the funds were intended for capital participation in subsidiary entity Jaringan Infra Andalan (JIA) related to the Fiber to the Home (FTTH) project through Integrasi Jaringan Ekosistem (IJE), but now they are redirected to capital participation in Telemedia Komunikasi Pratama (TKP).
From the total funds, approximately Rp5.06 trillion will be used by TKP for procuring CPE devices and RAN in the Fixed Wireless Access (FWA) project. Additionally, Rp403.76 billion is allocated for annual IPFR cost payments, and Rp421.02 billion for working capital in the FWA project.
Management affirmed that the operational target of building 5,500 sites remains pursued this year, aiming to reach up to 5 million customers in Region-1, covering Java, Maluku, and Papua, through the utilisation of FWA networks and available tower infrastructure.
Meanwhile, PT Panca Global Kapital Tbk (PEGE) announced plans for capital addition through a rights issue by issuing 944.47 million new shares at a 3:1 ratio.
The company will also issue Series II Warrants in the same amount for shareholders who exercise their rights. These warrants can be used to purchase new shares from 14 January 2027 to 14 July 2031.
Major shareholders, namely Trisno Limanto (18.94%) and RR Capital Group (42.29%), have committed to taking their full portion in this corporate action. Non-participating shareholders may face ownership dilution up to a maximum of 25%.